2007-02-23 03:58:36 · 2 answers · asked by franksprung 3 in Business & Finance ➔ Investing
I believe they are taking over a China company in a merger
2007-02-23 05:30:24 · update #1
Honestly...probably not...
I dont like the quarter earnings and well, buying out another company would require them to actually make more money...
But hey, it could actually work out...if i would buy this stock, id probably get out at $1.50. Id say this is an subpar HOLD...definately not a BUY at this price though.
2007-02-23 07:12:03 · answer #1 · answered by thefuture0007 2 · 0⤊ 0⤋
I wouldn't have thought so, but a 20 cent jump without obvious news is interesting. Still, for small OTC stocks, sudden big jumps tend to preceed pretty steady and nasty falls afterwards. That is where the news comes in--are they about to be bought out? Did they just find something?
Interesting, I just looked back and they are already in decline.
2007-02-23 12:32:56 · answer #2 · answered by Rabbit 7 · 0⤊ 0⤋